The Nechalacho Project

North T

The Proven Zone

North T is Backed By Proven Sales

North T is the high grade bastnaesite starter pit at the heart of Nechalacho. It is the one part of the project that has already been mined, processed and sold. Across 2021 and 2022, a demonstration campaign took a bulk sample from a shallow open pit and upgraded it on site through a TOMRA ore sorter, proving the mineralisation responds to simple physical separation. In June 2024, Vital sold the resulting material to the Saskatchewan Research Council for C$3.0 million, with the Canadian government facilitating the sale to keep strategic feedstock out of Chinese supply chains.

That campaign also left infrastructure on the ground. The open pit, a graded road to the Great Slave Lake barge point, an airstrip, water management and the ore sorter give the site a real head start, about 30 minutes by air from Yellowknife. Roughly 45,000 tonnes of mined material still sits on surface, ready for the next round of processing.

C$3.0M

Sold to SRC, June 2024

~45kt

Stockpiled on surface

On site

Pit · road · airstrip · ore sorter

Rare earth oxides refined from Nechalacho material.

North T Strategy

Cash Flow From the Stockpile to De-Risk the Broader Nechalacho Project

The potential cash flow from North T could become a strategic source of funding for the broader Nechalacho project, helping to unlock its true value. With roughly 45,000 tonnes already on surface, and a June 2024 sale to SRC that proved both the product and the buyer, Vital can process the stockpile into saleable concentrate and generate cash in the near term.

The TOMRA ore sorter in operation at North T.

Stay Informed

Get the latest from Vital Metals

Drill results, Scoping Study updates, PFS progress and corporate news — delivered direct to your inbox.